Private Equity

Liquidity Events

Sequoia Capital India exits Stovekraft by selling shares worth Rs.50 Cr; registers 3.58x return

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Sequoia Capital India has completed its exit from publicly-listed Stovekraft Ltd. Its latest sale - via the public markets - aggregated to INR 50 crore. The shares were bought by Rajendra Gandhi (MD of Stovekraft). With this sale, Sequoia Capital India made a complete exit from the firm with 3.58x return on its investment.

From the Venture Intelligence PE-VC Deal Database: Between Feb 2010 and Sep 2013, Sequoia Capital India had invested INR 160 crore in Stovekraft. The company went public in Feb 2021 by listing its shares at INR 385 per share.